Romania - Refined Sunflower-Seed And Safflower Oil - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Sunflower-Seed or Safflower Oil, Refined, But Not Chemically Modified in Romania - 2023
Contents:
- Price for Sunflower-Seed or Safflower Oil, Refined, But Not Chemically Modified in Romania (FOB) - 2023
- Price for Sunflower-Seed or Safflower Oil, Refined, But Not Chemically Modified in Romania (CIF) - 2023
- Exports of Sunflower-Seed or Safflower Oil, Refined, But Not Chemically Modified in Romania
- Imports of Sunflower-Seed or Safflower Oil, Refined, But Not Chemically Modified in Romania
Price for Sunflower-Seed or Safflower Oil, Refined, But Not Chemically Modified in Romania (FOB) - 2023
The average export price for sunflower-seed or safflower oil, refined, but not chemically modified stood at $1,649 per ton in October 2023, picking up by 16% against the previous month. Overall, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2023 when the average export price increased by 21% against the previous month. As a result, the export price attained the peak level of $1,995 per ton. From March 2023 to October 2023, the the average export prices failed to regain momentum.
Average prices varied somewhat for the major export markets. In October 2023, the countries with the highest prices were Israel ($1,749 per ton) and Egypt ($1,498 per ton), while the average price for exports to Hong Kong SAR ($1,304 per ton) and Saudi Arabia ($1,387 per ton) were amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Morocco (0.0%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Sunflower-Seed or Safflower Oil, Refined, But Not Chemically Modified in Romania (CIF) - 2023
The average import price for sunflower-seed or safflower oil, refined, but not chemically modified stood at $1,079 per ton in October 2023, falling by -37.1% against the previous month. Overall, the import price recorded a noticeable setback. The growth pace was the most rapid in May 2023 an increase of 18% m-o-m. As a result, import price attained the peak level of $1,997 per ton. From June 2023 to October 2023, the average import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for Ukraine.
From October 2022 to October 2023, the rate of growth in terms of prices for the Netherlands amounted to +2.5% per month.
Exports of Sunflower-Seed or Safflower Oil, Refined, But Not Chemically Modified in Romania
In 2022, the amount of sunflower-seed or safflower oil, refined, but not chemically modified exported from Romania surged to 80K tons, picking up by 21% on 2021 figures. Over the period under review, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 32%. Over the period under review, the exports of hit record highs in 2022 and are likely to see gradual growth in years to come.
In value terms, exports of sunflower-seed or safflower oil, refined, but not chemically modified surged to $144M in 2022. In general, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 70%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Sunflower-Seed or Safflower Oil, Refined, But Not Chemically Modified in Romania (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bulgaria | 10.8 | 12.7 | 23.3 | 33.7 | 46.1% |
| Hungary | 5.9 | 4.6 | 16.8 | 16.1 | 39.7% |
| Poland | 8.5 | 5.6 | 5.7 | 14.8 | 20.3% |
| Germany | 0.6 | 0.3 | 2.8 | 9.1 | 147.5% |
| Netherlands | N/A | N/A | 0.3 | 8.2 | 2633.3% |
| Greece | 5.1 | 5.2 | 9.7 | 7.9 | 15.7% |
| France | 5.8 | 0.7 | 0.4 | 6.7 | 4.9% |
| Italy | 14.2 | 5.5 | 4.8 | 5.6 | -26.7% |
| Spain | 4.0 | 0.2 | N/A | 5.3 | 9.8% |
| Israel | 2.4 | 3.5 | 3.4 | 4.5 | 23.3% |
| Mozambique | N/A | N/A | N/A | 4.1 | 0% |
| Austria | 10.4 | 6.1 | 3.7 | 4.0 | -27.3% |
| South Africa | N/A | N/A | N/A | 3.9 | 0% |
| Others | 12.1 | 11.9 | 25.0 | 20.3 | 18.8% |
| Total | 79.9 | 56.3 | 95.8 | 144 | 21.7% |
Top Export Markets for Sunflower-Seed or Safflower Oil, Refined, But Not Chemically Modified from Romania in 2022:
- Bulgaria (18.5K tons)
- Hungary (9.3K tons)
- Poland (8.2K tons)
- Netherlands (6.6K tons)
- Greece (4.6K tons)
- Germany (4.1K tons)
- Spain (4.0K tons)
- Mozambique (3.0K tons)
- South Africa (2.9K tons)
- Italy (2.8K tons)
- Israel (2.5K tons)
- Austria (2.2K tons)
- France (1.8K tons)
Imports of Sunflower-Seed or Safflower Oil, Refined, But Not Chemically Modified in Romania
Imports of sunflower-seed or safflower oil, refined, but not chemically modified into Romania surged to 77K tons in 2022, jumping by 202% on the previous year's figure. Over the period under review, imports saw significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of sunflower-seed or safflower oil, refined, but not chemically modified skyrocketed to $132M in 2022. In general, imports continue to indicate a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Sunflower-Seed or Safflower Oil, Refined, But Not Chemically Modified in Romania (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ukraine | 0.2 | 6.9 | 3.5 | 56.2 | 555.0% |
| Moldova | 0.2 | 5.0 | 10.7 | 27.8 | 418.0% |
| Bulgaria | 4.6 | 6.9 | 13.2 | 27.1 | 80.6% |
| Netherlands | 5.5 | 5.4 | 7.0 | 9.4 | 19.6% |
| Hungary | 5.5 | 5.7 | 1.8 | 8.4 | 15.2% |
| Others | 0.5 | 0.6 | 1.4 | 2.9 | 79.7% |
| Total | 16.3 | 30.5 | 37.5 | 132 | 100.8% |
Top Suppliers of Sunflower-Seed or Safflower Oil, Refined, But Not Chemically Modified to Romania in 2022:
- Ukraine (32.8K tons)
- Moldova (15.8K tons)
- Bulgaria (15.1K tons)
- Hungary (5.9K tons)
- Netherlands (5.3K tons)
This report provides an in-depth analysis of the market for sunflower-seed or safflower oil, refined, but not chemically modified in Romania. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10415400 - Refined sunflower-seed and safflower oil and their fractions (excluding chemically modified)
Country coverage:
- Romania
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Romania
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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Over the past year, the prices for sunflower oil have doubled, against robust demand and depleting sunflower seed stocks. The dry weather conditions negatively affected the sunflower crop yield in 2020, but the market is now seeing a sturdy recovery. The production of sunflower oil is forecast to increase in 2021 driven by strong demand that promotes investments in the expansion of harvested areas.
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The total output volume increased at an average annual rate of +1.0% over the period from 2007 to 2018.
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